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Eastring moves forward, but money remains an issue

The proposed interconnector is making slow progress, but questions over funding and a competing project mean it still has far to go, experts sayThe proposed interconnector is making slow progress, but questions over funding and a competing project mean it still has far to go, experts say.

The planned Eastring gas pipeline received a boost in late May when it secured a €1 million ($1.16 million) EU grant for a feasibility study. However, competition from Hungary’s BRUA project and concerns about financing mean that Eastring is still a long way from being realised, industry sources have said.

The grant, obtained under the European Commission’s Connecting Europe Facility, is a drop in the ocean given that Eastring, which is being promoted by Slovakian transmission system operator (TSO) Eustream, will cost around...

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